Matthews International Corp (MATW): Joseph C Bartolacci , President and CEO of Matthews International Corp sold 47,432 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $54.86 per share for a total value of $2,602,119.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, David A Schawk (President, Brand Solutions) sold 50,000 shares at $50.69 per share price.On Feb 4, 2016, Tunon Alvaro Garcia (director) purchased 2,500 shares at $47.00 per share price.Also, On Nov 13, 2015, Paul F Rahill (President, Cremation Division) sold 3,992 shares at $57.02 per share price.On Oct 30, 2015, Paul C. Jensen (President, Marking and Fulfill) sold 1,552 shares at $57.53 per share price.
Matthews International Corp: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Matthews International Corp which led to swings in the share price. The shares opened for trading at $54.74 and hit $55.71 on the upside , eventually ending the session at $55.38, with a gain of 1.04% or 0.57 points. The heightened volatility saw the trading volume jump to 2,56,978 shares. The 52-week high of the share price is $61.1 and the company has a market cap of $1,828 M . The 52-week low of the share price is at $45.
Matthews International Corporation is a designer manufacturer and marketer of memorialization products and brand solutions. The Company’s products and operations consist of six business segments: Cemetery Products Funeral Home Products Cremation Graphics Imaging Marking and Fulfillment Systems and Merchandising Solutions. The Cemetery Products segment manufactures cast bronze and granite memorials and other memorialization products cast and etched architectural products and is a builder of mausoleums in the United States. The Funeral Home Products segment manufactures caskets distributes and produces wood metal and cremation caskets. The Cremation segment is a designer and manufacturer of cremation equipment in North America and Europe. The Graphics Imaging segment manufactures and provides brand solutions printing plates gravure cylinders pre-press services and imaging services for the packaging and corrugated industries.